Al Abdullatif plans 5% dividend for FY17

08/03/2018 Argaam

Al Abdullatif Industrial Investment Co.’s board of directors proposed paying a cash dividend of 5 percent (SAR 0.50 per share) for fiscal year 2017.

 

The dividend will be financed from retained earnings, the company added in a statement to the Saudi bourse on Thursday.

 

Cash Dividend Details (FY17)

Current capital

SAR 812.50 mln

Number of shares

81.25 mln

Cash dividend

SAR 40.625 mln

Percent capital

5% (SAR 0.50/share)

Record date

On the second day after the general assembly meeting-

Payment day

To be announced later

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